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Backdoor Roth Saying Excess Contribution
Hi,
I contributed in Feb 2022 to my traditional IRA $6,000 for tax year 2021, and $6,000 for tax year 2022. I converted all of this later in Feb 2022 to Roth.
When I enter this data in Turbotax, it's saying I have an excess $6,000 contribution and states penalties. Is that correct? How do i enter this correctly in TurboTax.
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‎February 19, 2023
12:15 PM